The average inflation rate in Colombia was forecast to decrease between 2024 and 2029 by in total 3.7 percentage points. This overall decrease does not happen continuously, notably not in 2027 and 2029. The inflation is estimated to amount to 3.01 percent in 2029. This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Suriname, Guyana, and Venezuela.

The average inflation rate in Colombia was forecast to decrease between 2024 and 2029 by in total 3.7 percentage points. This overall decrease does not happen continuously, notably not in 2027 and 2029. The inflation is estimated to amount to 3.01 percent in 2029. The International Monetary Fund describes this indicator as a measure of inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more statistics on other topics about Colombia with key insights such as the national debt, the growth of the real the gross domestic product, and the ratio of government expenditure to the gross domestic product.